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Stock impact report

‘Old-school central banking’ can only do so much to help during coronavirus crisis [Financial Post (Toronto, Ontario, Canada)]

Canadian Imperial Bank of Commerce (CM) 
Last canadian imperial bank of commerce earnings: 2/26 05:53 am Check Earnings Report
Company Research Source: Financial Post
'Old-school central banking' can only do so much to help during coronavirus crisis Kevin Carmichael: So far, the Bank of Canada is fighting the economic dimension of this mostly alone; Morneau has yet to do anything to boost confidence After the Bank of Canada cut interest rates by a half-point on March 4, I wrote that the timing of its next move would be determined by oil prices. If I had thought to check the central bank’s measure of commodity prices, I might have been less surprised by the second cut nine days later. The commodity-price index plunged almost 13 per cent between March 4 and March 11, the biggest move in weekly data that date back to 1972. Oil was the main factor, with the energy sub-index collapsing 21 per cent. The numbers are hard to look at on a spreadsheet, never mind a balance sheet where the figures take on a whole different meaning. The average change from week to week is usually about 0.1 per cent. “The economic consequences of the coronavirus itself will cle Show less Read more
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